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Nov 22, 2012
11/12
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KPIX
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on the rich and the republican proposal to get rid of tax loopholes. bowles/simpson would eliminate almost every tax deduction for individuals and corporations, with only a few exceptions for charity donations and home mortgage interests. >> this stuff goes to the wealthiest people in america. 20% of the american people use 80% of that stuff. >> we have $1.1 trillion of loopholes, of back door spending in the tax code. >> reporter: $1.1 trillion? >> annual. and that's what we said: "let's start with a plan that wipes those out." >> reporter: their plan also called for deep spending cuts-- $200 billion a year-- and streamline both the pentagon and the federal bureaucracy. medicare and social security over time would reduce benefits give on the higher income families. your big message here is social security and medicare have to be on the table. there's no choice. >> i think most people understand that medicare has to be part of the deal. and most people believe today that you ought to do social security on a parallel track. >> reporter: both men blame t
on the rich and the republican proposal to get rid of tax loopholes. bowles/simpson would eliminate almost every tax deduction for individuals and corporations, with only a few exceptions for charity donations and home mortgage interests. >> this stuff goes to the wealthiest people in america. 20% of the american people use 80% of that stuff. >> we have $1.1 trillion of loopholes, of back door spending in the tax code. >> reporter: $1.1 trillion? >> annual. and that's...
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Nov 22, 2012
11/12
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FBC
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he is entertaining revenue increases as he puts it, tax hikes. and we still don't know what the president is bringing to the table do we? >> no, i must tell you, lizzy, i hear you and we think about it, we may think that kicking the can down the road, as a political solution, as a economic solution that could be an armageddon. i don't want to be an alarmist. lou: well armageddon would not alarm any of us. >> looking at congress it scares me. lou: congress is a scary proposition. jerry? any indication of president's bargaining position? >> well, here congress is doing, and they are looking at, it might not be a bad idea depending on what you think your party is doing by kicking can down the road you get into a midterm election yearr so these issues will be front and center, and midterm republicans will do well. we're a right of center country. lou: did i hear you forecast how republicans are doing in midterms? >> by kicking the can down the road, i hate that term. lou: i am taking it up with hizy mcdonald tonight right now for kicking that can. >>
he is entertaining revenue increases as he puts it, tax hikes. and we still don't know what the president is bringing to the table do we? >> no, i must tell you, lizzy, i hear you and we think about it, we may think that kicking the can down the road, as a political solution, as a economic solution that could be an armageddon. i don't want to be an alarmist. lou: well armageddon would not alarm any of us. >> looking at congress it scares me. lou: congress is a scary proposition....
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Nov 22, 2012
11/12
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MSNBCW
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> the elections just 16 days old, but the republican party is already looking to 2016. according to politico, more than two dozen republicans are already thinking about running for president. and joining me now from washington, democratic pollster margie, and republican strategist joe watkins. it's never too early, right, guys? let's get talking about this. joe, is the gop already making plans for 2016? at this point, if so, who would you say would be the party's best hope? >> the party has to start looking to 2016. we've suffered two losses now in '08 and again in '12. we've got to look at expanding the base. the republican party knows that you can't win going forward without wome
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> the elections just 16 days old, but the republican party is already looking to...
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Nov 22, 2012
11/12
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KRCB
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eye 184
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they can put some pretty rudimentary information in the tax filing filings and we might never know a lot of forces behind some of the spending. >> woodruff: so is there any backlash to that? and what are the lessons being talked about, the lessons learned from this election? >> well, there are many efforts right now to pass legislation to change this. there are a lot of questions about the rule by the irs, is or is not cracking down on these groups, which are social welfare therkz are politically active. i think there will be increased scrutiny. whether anything can happen and change i think is really going to be up to congress. >> woodruff: eliza, how do you see the future in the next election, in the next election for these groups? >> well, they're gog continue growing and they're going to remain very active and they're going to keep pushing the envelope as much as they can but i think there's a sense of inevitability in the so-called reform lobby that this is going to lead to scandal and corruption, and i think there's a growing sense on capitol hill that this system ast is curren
they can put some pretty rudimentary information in the tax filing filings and we might never know a lot of forces behind some of the spending. >> woodruff: so is there any backlash to that? and what are the lessons being talked about, the lessons learned from this election? >> well, there are many efforts right now to pass legislation to change this. there are a lot of questions about the rule by the irs, is or is not cracking down on these groups, which are social welfare therkz...
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Nov 22, 2012
11/12
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FOXNEWSW
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we'll raise taxes on people that can afford it. that what's we throats voatd on and democrats came out on top on that. >> it many parts of the negotiation. rick: a very interesting discussion. i would love to have you back on. they have to come up with a deal by new year's eve. thank you both. heather: the daughter of a soldier hard sat work in dance class when she gets the surprise of a lifetime. a heartwarming story on that coming up. rick: you are probably getting ready for a little turkey and stuffing and apple pie. unfortunately those thanksgiving favorites can take a toll on your body. but don't worry. we have great tips to make your holiday a little healthier. >> i would like to give my family a happy thanksgiving, greetings. hi, brayden, mommy lowstles. hi, whom, i'll talk to you guys later. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio
we'll raise taxes on people that can afford it. that what's we throats voatd on and democrats came out on top on that. >> it many parts of the negotiation. rick: a very interesting discussion. i would love to have you back on. they have to come up with a deal by new year's eve. thank you both. heather: the daughter of a soldier hard sat work in dance class when she gets the surprise of a lifetime. a heartwarming story on that coming up. rick: you are probably getting ready for a little...
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Nov 22, 2012
11/12
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FOXNEWSW
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. gregg: there it is, here comes santa claus right down santa claus lane. the first time of fifth avenue, lining the streets, the music is filling the air. this is the 86th annual macy's thanksgiving day parade. a late start of the to the morning, but as you can see, macy's welcoming newcomers through a lineup of giant balloons this year, including elf on a shelf and papa smurf. wow, that is a big santa. it looks like he has already had a turkey or two this morning. speak to the family of a missing soldier making a desperate search for their daughter and sister's disappearance. kelly bordeaux, here is her picture, she vanished after a night out back in april. the search for the 23-year
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. gregg: there it is, here comes santa claus right down santa claus lane. the first time of...
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Nov 22, 2012
11/12
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CNNW
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keep in mind that's despite those doom and gloom reports about the fiscal cliff, potential tax hikes on everyone, if congress does not act. of the people who were surveyed between november 9th and 13th, many of them said they do plan on spending more this year compared to last year. i have some interesting breakouts for you here, carol. more men said that they will spend more this year compared to last year than women. as far as age goes, the generation wires 18 through 24, they say that they, too, plan on spending more. remember, that group of people have had a tough time breaking into the workforce. still, though, they said they planned on spending more as well as latinos and blacks. they, too, say they plan on spending more. so why? that's the big question. why do some people say they plan on spending more this holiday season, simply because as far as the people in this survey, they felt as if their financial situation this year is better than it was last year. carol? >> that's simple. so where are people spending the most money? >> they break it down regionally. and it appears th
keep in mind that's despite those doom and gloom reports about the fiscal cliff, potential tax hikes on everyone, if congress does not act. of the people who were surveyed between november 9th and 13th, many of them said they do plan on spending more this year compared to last year. i have some interesting breakouts for you here, carol. more men said that they will spend more this year compared to last year than women. as far as age goes, the generation wires 18 through 24, they say that they,...